Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Sharplink Gaming’s boss says yield-chasing crypto companies are most at risk, the SEC and CFTC issued a joint statement for a coordinated approach to spot crypto trading in the US, and Metaplanet got approval to restructure shares, paving the way for up to $3.7 billion in Bitcoin fundraising.
Companies that buy and hold Ether (ETH) and try to squeeze the most yield out of their holdings will be significantly more at risk if the market declines, Sharplink Gaming co-CEO Joseph Chalom said on Monday.
“There will be people just like in traditional finance who wanna get that last 100 basis points of yield, and think that it is riskless,” Chalom told Bankless. He added that there are ways to achieve double-digit yields on ETH, but they come with a host of risks and those “who are far behind are going to take risks that I don’t think are prudent.”
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments